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  #515 (permalink)

San Jose, Ca
Trading Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
David_R's Avatar
Posts: 1,515 since Nov 2009
Thanks: 2,279 given, 2,405 received

Big Mike View Post
There is no such thing as any one magical thing, even a widely used VWAP + std dev bands.

Someone in chat posted vah and val today. I noticed the val matched almost to the tick the 1st deviation on the vwap bands. I'm sure that also matched something else, maybe an ema 20, sma 100, or who knows what. Maybe it also coincided with a CCI cross, or a MACD cross, or a bounce off a bollinger band.

The point is, nothing is magic. I agree it's a confluence of events.

I had removed VWAP for a while because it wasn't real useful without the bands, and there was no MultiCharts VWAP with bands that worked reliably. There is now.

When I started using Sierra Chart more, I added VWAP and began being more interested in multi-session VWAP's after the last couple webinars from Peter. I've always liked the VWAP and have a thread on VWAP trading here.

I've also continued to evolve my trading strategy for bigger targets and less scalping, so the longer time frames or bigger trades benefit more from VWAP+bands in my opinion.


I agree with you 100%. There is no one magical thing, but do you think that if a moving average, floor pivot, or whatever, appears to act as some significant level that there is usually an area on the chart (left) that is the significant level?

I'm not challenging you and I sure as hell don't know. I'm still trying to figure it all out. I ask myself every day how should I go about doing this thing called trading.


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